Juncheng Technology plans to acquire Xintongda to strengthen its in-vehicle display business
BAIC Group
Great Wall Motors
JAC Group
JAC Motors
Jiangling Motors
BAIC
JAC
purchase
cash
business
funds
bus
Juncheng Technology
bus
Technology
Motor
Geely Auto
2023
AI
AI
Geely
2024-12-28 11:35
200
On October 24, 2023, Juncheng Technology plans to purchase 75% of Xintongda's shares and raise supporting funds by issuing shares and paying cash. Xintongda's products mainly include automotive instruments, etc. Its main customers include Geely Auto, JAC Motors, BAIC Foton, Great Wall Motors, Jiangling Motors, etc. This acquisition will help Juncheng Technology's in-vehicle display business achieve new growth.
